“Not surprised at all that the Fed raised rates, was a little surprised that they hinted further toward a 4th hike by year end,” said John Petrides, of Point View Wealth Mgmt. “I thought they would have pushed that decision later in the summer as we had more data presented.”

On Thursday, the European Central Bank moved as expected to maintain interest rates. The central bank said it expects to end its bond-buying program in December.

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Stateside, there was a barrage of economic data released on Thursday, including U.S. retail sales, which increased by 0.8% in May; import prices, which jumped 0.6% in May and weekly jobless claims – which dropped by 4,000 to 218,000 while the four-week average of claims fell by1,250 to 224,250.